The global industrial robotics market size is expected to reach USD 46.1 billion by 2030 according to a new study by Polaris Market Research. The report “Industrial Robotics Market Share, Size, Trends, Industry Analysis Report, By Type (Traditional, Collaborative); By Payload; By Component; By Application; By End-Use Industry; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The growing demand for industrial robotics is due to the increased adoption of collaborative robots across various industries and the growing adoption of industry 4.0 worldwide. The shortage of skilled laborers in manufacturing industries is also responsible for the market’s growth.
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A robot model is created with a specific application or process in mind. The industrial robot will have a specific type of movement, linkage dimension, control law, software, and accessory packages depending on the target application.
Today's industrial robots can do amazing things and provide quick ROI. Robots will also reduce workplace injuries, increase the ability of businesses to compete in a competitive global marketplace, improve the quality of affordable products, boost profits for countless businesses, and increase the number of well-paid and rewarding jobs.
Increasing automation in the electronics industry and the emergence of industry 5.0 have brought lucrative opportunities and are also anticipated to drive the market’s growth. Furthermore, increased government support and policies for adopting industrial robot has influenced the market’s growth.
Industrial Robotics Market Report Highlights
Polaris Market Research has segmented the industrial robotics market report based on type, payload, component, application, end-use industry and region:
Industrial Robotics, Type Outlook (Revenue - USD Billion, 2018 - 2030)
Industrial Robotics, Payload Outlook (Revenue - USD Billion, 2018 - 2030)
Industrial Robotics, Component Outlook (Revenue - USD Billion, 2018 - 2030)
Industrial Robotics, Application Outlook (Revenue - USD Billion, 2018 - 2030)
Industrial Robotics, End-Use Industry Outlook (Revenue - USD Billion, 2018 - 2030)
Industrial Robotics, Regional Outlook (Revenue - USD Billion, 2018 - 2030)